Diversified

Boa Technology Inc. acquired by Compass Diversified for $454M

RiNo’s Boa Technology Inc. has been acquired by Compass Diversified for $454 million.

DENVER — Denver-based Boa Technology Inc., maker of sports and fitness equipment, has been acquired by Compass Diversified (NYSE: CODI) for $454 million.

Boa specializes in footwear for sports activities and makes dial-based shoe fasteners.

The company was founded in 2001 and created a performance fit system specifically to help snowboarders have a better fit in their boots. Since then, Boa has expanded into products for cycling, golf, trail, hiking mountaineering, running and court sports. It’s even branched into workwear and medical equipment. Boa has more than 400 brand partners integrating its fit systems into performance footwear, headwear and medical bracing products.

Westport, Connecticut-based Compass Diversified is an owner of established North American middle market businesses.

Read more at the Denver Business Journal.

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